Updated Mar 17, 2026 by Modern Times Group
Modern Times Group achieved a financial turnaround in 2012 with SEK 13.3 billion in net sales, SEK 2.1 billion in operating profit, and a net profit of SEK 1.6 billion following a loss-making 2011.
The company strengthened its balance sheet by maintaining net debt at near-zero levels and increasing free cash flow by 6% to SEK 1.8 billion, supporting a 20% dividend increase to SEK 600 million.
Nordic pay-TV revenue grew 4% to SEK 4.4 billion driven by a 4% increase in ARPU, though this was offset by a 4% decline in Scandinavian free-TV sales and contracting margins.
Emerging-market free-TV operations saw operating profit surge nearly five-fold, a performance attributed to strategic investments in new pay-TV services.
Capital expenditure remained disciplined at 1% of total revenue throughout the fiscal year.
Strategic portfolio management included the acquisition of TV Sport, Zitius Service Delivery, Paprika Latino, and Latvijas Neatkarīgā Televīzija, alongside the divestiture of Bet24.
Modern Times Group achieved a financial turnaround in 2012 with SEK 13.3 billion in net sales, SEK 2.1 billion in operating profit, and a net profit of SEK 1.6 billion following a loss-making 2011.
The company strengthened its balance sheet by maintaining net debt at near-zero levels and increasing free cash flow by 6% to SEK 1.8 billion, supporting a 20% dividend increase to SEK 600 million.
Nordic pay-TV revenue grew 4% to SEK 4.4 billion driven by a 4% increase in ARPU, though this was offset by a 4% decline in Scandinavian free-TV sales and contracting margins.
Emerging-market free-TV operations saw operating profit surge nearly five-fold, a performance attributed to strategic investments in new pay-TV services.
Capital expenditure remained disciplined at 1% of total revenue throughout the fiscal year.
Strategic portfolio management included the acquisition of TV Sport, Zitius Service Delivery, Paprika Latino, and Latvijas Neatkarīgā Televīzija, alongside the divestiture of Bet24.